Funding arb · Price arb /

UNI

all UNI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%

Price spread now: Bybit against SunX−0.115%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.544% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.306%−$31 · spread now −0.115%, 7d avg −0.120%

Together, before fees−0.403%−$40 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX UNI-USDT	9.0314	0.0100	pay 0.0100% / 8h	3h 49m	$36K	$1.3M	30x
Short	Bybit UNIUSDT	9.0210	0.0100	get 0.0100% / 8h	3h 49m	$101.4M	$111.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BybitbpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → −0.120%: $0.51
Slippage, 4 orders: −$35.37
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.86
Costs to cover: 0.544%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 4 min ago	13.82 bp	17.8 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.55 bp	9.5 bp −$9	17.2 bp −$172	39.2 bp −$3,919	doesn't fit

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) UNI/USD	L +0.0004% / S −0.0004%	1h	9.0266	−0.054%	$37K	—	150x	as long as short
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.230%	$660	$154K	12x	as long as short
01 Exchange UNIUSD	+0.0064%	1h	9.0345	+0.034%	$451	$5	10x	as long as short
Lighter UNI	+0.0096%	1h	9.0357	+0.048%	$4.6M	$5.8M	15x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0280	−0.038%	$966K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0319	+0.006%	$97.6M	$62.1M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0301	−0.015%	$812K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0285	−0.032%	$292K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0240	−0.082%	$221.8M	$641.2M	75x	as long as short
Bybit UNIUSDTshort	+0.0100%	8h	9.0210	−0.115%	$101.4M	$111.4M	75x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0210	−0.115%	$54.9M	$261.1M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0410	+0.106%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0240	−0.082%	$23.7M	$63.3M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0290	−0.027%	$47.5M	$25.5M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0260	−0.060%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0190	−0.137%	$33.2M	$45.2M	75x	as long as short
BingX UNI-USDC	+0.0100%	8h	9.0250	−0.071%	—	$6.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0351	+0.041%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0039	−0.304%	$4.2M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0450	+0.150%	$171K	$345K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0380	+0.073%	$640K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.0480	+0.184%	$95K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0260	−0.060%	$15K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0331	+0.019%	$86K	$431K	10x	as long as short
Orderly PERP_UNI_USDC	+0.0100%	8h	9.0210	−0.115%	$16K	$1.5M	10x	as long as short
SunX UNI-USDTlong	+0.0100%	8h	9.0314	long leg	$36K	$1.3M	30x
SoDEX UNI-USD	+0.0100%	1h	9.0265	−0.054%	$22K	$801K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0378	+0.071%	$722K	$4.8M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0330	+0.018%	$27.3M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0276	−0.042%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0230	−0.093%	$291K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0236	−0.086%	$32K	—	3x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0204%	1h	9.0290	−0.026%	$578K	$207K	50x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0330	+0.018%	$945K	$5.8M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0020	−0.326%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0342	+0.032%	$5.0M	$8.0M	50x	as long as short
dYdX UNI-USD	+0.0370%	1h	9.0273	−0.045%	$238K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0374%	1h	9.0258	−0.062%	$16K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0278	−0.040%	$643K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0891%	1h	9.0430	+0.128%	$1K	$46K	10x	as long as short